Yunnan Energy Investment Co., Ltd. (SZSE:002053) signed a share transfet agreement to acquire Shilin Yundiantou New Energy Development Co., Ltd. from YEIG New Energy Investment Development Co., Ltd. for approximately CNY 180 million on June 5, 2023. Within 10 working days from the agreement effective date, Yunnan Energy Investment Co., Ltd. will pay 40% of the transfer price and within 20 working days from the transfer completion date, Yunnan Energy Investment Co., Ltd. will pay 60% of the transfer price. For the year ended December 31, 2022, Shilin Yundiantou New Energy Development Co., Ltd. reported total assets of CNY 621.4 million, net assets of CNY 7.4 million, operating revenue of CNY 65.2 million and net loss of CNY 17.7 million.

The agreement has been approved in Yunnan Energy Investment Co?s 4th Extraordinary Directorate Meeting of 2023 held on June 5, 2023, and is subject to the shareholders? approval. As of June 21, 2023, the transaction is approved by shareholders of Yunnan Energy Investment Co., Ltd.